Industrials

IndustrialsTech, Media & TelecomKKRTechnical LessonConsumer & RetailDeep DivesVistaIn-CourtAresEnergy / PowerMacquarieHealthcareClearlakeLiquidationPersonalAngelo GordonSearchlightOtherApolloOut-of-court HPS OaktreeFinancials
IndustrialsIndustrials
+2+2
(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

Low-cost carrier business models, the Boeing 737 MAX crisis, and a fascinating case of FX volatility-related airline bankruptcy

IndustrialsIndustrials
+3+3
American Tire Distributors, In-Court LME

American Tire Distributors, In-Court LME

How ATD’s bankruptcy reshaped DIP financing and signaled a shift toward intra-class conflict in Chapter 11

IndustrialsIndustrials
+4+4
What is the Hunter-gatherer LMT and analysis of the Ardagh-Apollo deal
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What is the Hunter-gatherer LMT and analysis of the Ardagh-Apollo deal

Primer, Simplified Example, Case Study Deep Dive, Uptier Comparison

IndustrialsIndustrials
+2+2
Overview of Section 363, Credit Bidding, and Fisker Case Study
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Overview of Section 363, Credit Bidding, and Fisker Case Study

Technical Explanation, Offensive vs. Defensive Bids, and a Perfect Chapter 11 Example

IndustrialsIndustrials
+2+2
Zips Car Wash, a Quick Private Credit Chapter 11

Zips Car Wash, a Quick Private Credit Chapter 11

A case study in how opaque private credit markets can distort risk, delay recognition of impairment, and mislead investors to the real credit quality of their portfolios

IndustrialsIndustrials
+2+2
Graftech, Credit Analysis to Break Down the Out-of-Court Restructuring

Graftech, Credit Analysis to Break Down the Out-of-Court Restructuring

How To Read A Credit Doc & Structural and Legal Considerations

IndustrialsIndustrials
+2+2
No Room to Vent: First HVAC Roll-Up to File for Chapter 11

No Room to Vent: First HVAC Roll-Up to File for Chapter 11

Premium: A failed HVAC roll-up that allows us to examine the necessity of successful business integration and healthy cash flows

IndustrialsIndustrials
+2+2
The Infamous Hertz Restructuring, Who Laughs Last Laughs Best
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The Infamous Hertz Restructuring, Who Laughs Last Laughs Best

An abrupt pandemic-driven bankruptcy, audacious equity raise, and the legal complications of “make-whole” fees.

IndustrialsIndustrials
+5+5
Trinseo, a Double Dip "Pari-Plus" Case Study
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Trinseo, a Double Dip "Pari-Plus" Case Study

Today, we are going to look at another variation of the double-dip: the pari-plus transaction by analyzing the fascinating restructuring of Trinseo.

IndustrialsIndustrials
+1+1
Heico Deep Dive: a Flying Business
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Heico Deep Dive: a Flying Business

Given Heico’s resilience in aerospace and defense, global reach, innovation and growth, steady financial performance, and diversification, it is worthwhile to examine the company’s potential and impact on the market.

IndustrialsIndustrials
+2+2
Triple Dip Primer and Spirit Analysis
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Triple Dip Primer and Spirit Analysis

In this paper, we will first understand how triple-dips could be created. Then, we will analyze the real world case of Spirit Airlines and see the potential of the triple-dip as a revolutionary liability management maneuver.

IndustrialsIndustrials
+1+1
AutoZone Deep Dive
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AutoZone Deep Dive

Diving deep into the US' largest aftermarket automotive parts company, which has seen wild success in terms of stock performance and network expansion